What do you mean by five risks?

Five insurances refer to endowment insurance, medical insurance, industrial injury insurance, unemployment insurance and maternity insurance in social insurance.

Among them, the pension insurance, medical insurance and unemployment insurance are paid by the employer and employees, and the work injury insurance and maternity insurance are paid by the employer, and individuals do not need to pay:

1. The full name of endowment insurance is social basic endowment insurance. Its main function is to provide basic living needs and a stable source of income for the elderly. The proportion of individuals paying endowment insurance is 8%, and the employer is 20%.

2. The full name of medical insurance is basic medical insurance, and its main function is to help the sick get financial help, thus reducing the burden of medical expenses. The proportion of individuals paying medical insurance is 2%, and the proportion paid by employers is 6%;

3. The main function of industrial injury insurance is to compensate people who suffer from accidental injuries or occupational diseases at work and permanently lose their ability to work. Work-related injury insurance is paid in full by the employer, and the payment ratio is 0.8%;

4. The main function of unemployment insurance is to make unemployed workers get some economic support during unemployment. The proportion of individuals paying unemployment insurance is 1%, and the employer is 2%.

The main function of maternity insurance is to provide economic compensation and medical expenses for female workers who stop working because of childbirth. Maternity insurance is paid in full by the employer, and the payment ratio is 1%.

legal ground

People's Republic of China (PRC) social insurance law

Article 10 Paragraph 1 Employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium. Article 23 Paragraph 1 Employees shall participate in the basic medical insurance for employees, and the employer and employees shall jointly pay the basic medical insurance premium according to the provisions of the state. Article 44 Employees shall participate in unemployment insurance, and employers and employees shall jointly pay unemployment insurance premiums in accordance with state regulations. Article 12 The employer shall pay the basic old-age insurance premium according to the proportion of the total wages of its employees stipulated by the state, which shall be credited to the basic old-age insurance pooling fund, and the employees shall pay the basic old-age insurance premium according to the proportion of their own wages stipulated by the state, which shall be credited to individual accounts. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.